U.S. Dollar Drops. Tariff and Ratings Fears Are Toxic for the Greenback.
U.S. Dollar Drops. Tariff and Ratings Fears Are Toxic for the Greenback.
The U.S. dollar was weakening on Monday as the market digested renewed tariff threats and Moody's downgrade to America’s sovereign debt rating.
The U.S. Dollar Index, which tracks the value of the currency against a basket of major peers, was down 0.9% early on Monday.
Apart from the Moody’s downgrade, the dollar was also likely suffering reacting to Treasury Secretary Scott Bessent’s weekend comments that President Donald Trump’s so-called ”liberation day” tariffs—most of which were suspended for 90 days—may be reimposed if countries do not negotiate “in good faith” before the pause expires in early July.
Latest News
- Montrose Environmental Group (MEG) Declined over Potential EPA Enforcement Rollback
- Americans' Consumer Debt Hits All-Time High of $18.2 Trillion, Experts Say Some Borrowers 'Will Have A Much More Difficult Time Getting Credit' Going Forward
- Should You be Confident in Tempus AI (TEM)?
- Market Breadth Is Weak. UnitedHealth Is Helping the Dow Outperform.
- Here’s How the Short-Term Issues are Affecting Kosmos Energy Ltd. (KOS)
- Bond yields just hit ‘yippy’ levels last seen during the post-Liberation Day meltdown
